Integrity. (a) Prohibited Conduct:
Integrity. The Borrower, directly or through the PIE and the PIU, undertakes that:
Integrity. (i) The Borrower and the Agent warrant and undertake that they have not committed, and no person to their present knowledge has committed, any of the following acts and that they will not commit, and no person, with their consent or prior knowledge, will commit any such act, that is to say:
Integrity. (a) Prohibited Conduct: The Borrower shall not engage in (and shall not authorise or permit any affiliate or any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the any transaction contemplated by the Contract.
Integrity. The Borrower, directly or through the PIE and the PIU, undertakes that: it will institute and thereafter comply with internal policies, procedures and controls, in line with applicable legislation and international best practices, for the purpose of preventing the Borrower to become, in connection with the implementation of the Project or otherwise, an instrument for money laundering or terrorism financing; it will not make any Loan proceeds available to or for the benefit of, directly or indirectly, any Sanctioned Person; it will not commit, and no person, with its consent or prior knowledge, will commit, in connection with the implementation of the Project a Corrupt Practice, a Fraudulent Practice, a Coercive Practice, a Collusive Practice or an Obstructive Practice (hereinafter, together with money laundering, terrorism financing and making available any Loan proceeds to Sanctioned Persons referred to as the “Prohibited Practices”). For the purposes of this Agreement: A “Corrupt Practice” means any act of offering, giving, receiving, or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party. A “Fraudulent Practice” means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit, or to avoid an obligation. A “Coercive Practice” means any act of impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of any party to influence improperly the actions of a party.
Integrity. (i) The Borrower and the Agent warrant and undertake that they have not committed, and no person to their present knowledge has committed, any of the following acts and that they will not commit, and no person, with their consent or prior knowledge, will commit any such act, that is to say: the offering, giving, receiving or soliciting of any improper advantage to influence the action of an person holding a public office or function or a director or employee of a public authority or public enterprise or a director or official of a public international organisation in connection with any procurement process or in the execution of any contract in connection with the SME and Priority Projects; or any act which improperly influences or aims improperly to influence the procurement process or the implementation of the SME and Priority Projects to the detriment of the Borrower, including collusion between tenderers. For this purpose, the knowledge of any Minister of the Borrower, any State Secretary of the Borrower, any Assistant Minister of the Borrower, any Advisor to a Minister of the Borrower or the officer mentioned in Article 12.01 shall be deemed the knowledge of the Borrower and the knowledge of any member of the Executive Board and the Council of Governor, the Council and the Governor of the National Bank of Serbia or the officer mentioned in Article 12.01 shall be deemed the knowledge of the Agent. The Borrower and the Agent undertake to inform the Bank if they should become aware of any fact or information suggestive of the commission of any such act. The Borrower and the Agent will institute, maintain and comply with internal procedures and controls in compliance with applicable national laws and best practices, for the purpose of ensuring that no transaction is entered with, or for the benefit of, any of the individuals or institutions named on updated lists of sanctioned persons promulgated by the United Nations Security Council or its committees pursuant to Security Council Resolutions 1267 (1999), 1373 (2001) (xxx.xx.xxx/xxxxxxxxx) and/or by the Council of the EU pursuant to its Common Positions 2001/931/CSFP and 2002/402/CSFP and their related or successor resolutions and/or implementing acts in connection with financing of terrorism matters. The Borrower and the Agent shall take, within a reasonable timeframe, appropriate measures in respect of any member of its management bodies who has been convicted by a final and irrevocable court ruling of ...